Technician
Short

Carefusion An Attractive Risk/Reward Short

BATS:CFN   None
124 1 2
A long term persistent             divergence on momentum and inflow, while Price remains within a potential rising wedge , which if broken should confirm a move lower. My bias is bearish and targets at 35.00 and 30.00.

What is interesting about this setup is the attractive Reward compared to risk at current levels, as invalidation of the setup could be on a break above the wedge (3 to 4 percent), while big potential to the downside(10 to 20 percent).
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Although it might be too early to short for a 'biggie...a short probe could be initiated @ $39 with a stoploss @ 40.50 First target $37.50..a further break of the $37 level would be a nice opportunity to increase short positions...Good Trading: Think, Talk & Trade like a Winner! Regards JRS. OptieAcademy.nl
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